Can an Executive Director also provide Consultancy/Professional Services to the Company? Contributed By: Geetanjli Aggarwal Email id: geetanjali@simplybiz.in If we try highlighting a significant trend that has emerged in corporate governance, it is the composition of the Board which shows the shift from family-oriented boards to more professional and diverse boards. The composition of corporate […]
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Conversion of Loan into Equity under the Companies Act, 2013
Conversion of Loan into Equity under the Companies Act, 2013 Contributed By: Sai Sunanda Email id: sunanda.v@simplybiz.in Introduction A company may accept loans from its director, or their relatives, or from other companies for various reasons such as to meet its working capital needs or grow its existing facilities etc., Further, the Company is obligated […]
Annual Secretarial Compliance Report
Annual Secretarial Compliance Report Contributed By: Amrutha Ananda Email id: amrutha@simplybiz.in Introduction On the recommendations made by the Uday Kotak Committee of Corporate governance in its report dated October 05, 2017, SEBI inserted a new regulation i.e. Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) and made effective from the financial year ended March […]
Modes of Overseas Investment in an Indian Entity Engaged in Real Estate & Entertainment Sector
Modes of Overseas Investment in an Indian Entity Engaged in Real Estate & Entertainment Sector Contributed By: Vanaja Kaleru Email id: vanaja@simplybiz.in Introduction Context: A US citizen owns two businesses in India – one in real estate and the other in entertainment (as a movie producer). He would like to bring in investment in the […]
Corporate Compliance As A Service (CAAS)
Corporate Compliance As A Service (CAAS) SimplyBiz is a new generation multi-disciplinary professional services firm that harnesses the power of technology to deliver a wide range of professional services. Our service offerings cover Indian Entry Advisory and Business Set up, Corporate Secretarial and Corporate Governance, Transaction Advisory, and Managed Services. We believe in doing things […]
Consequences of Appointment of Director of a Company Without Obtaining Director Identification Number (DIN)
Consequences of Appointment of Director of a Company Without Obtaining Director Identification Number (DIN) Contributed By: Kanikka P Indi Email id: kanikkapindi@simplybiz.in Reference of Section 152(3) and 161(1) of the Companies Act, 2013 (‘Act’) – Appointment of DirectorsExcept the First Directors of the Company, every director of the Company shall be appointed by the Company […]
International Contracts – A Walk Through
International Contracts – A Walk Through Contributed By: Anant Agarwal Email id: anant@simplybiz.in Introduction International contracts are legal agreements made between two or more parties located in different countries. These contracts typically involve the exchange of goods, services, or money across national borders. International contracts can cover a wide range of areas, including trade, finance, […]
Health Check on Overseas Direct Investments (ODI) Transactions
Health Check on Overseas Direct Investments (ODI) Transactions Contributed By: Sai Sunanda Email id: sunanda@simplybiz.in We had been approached by a client who is a global provider in media technology solutions and innovations, with the goal to create and deliver immersive cloud-based video streaming. The company has been incorporated for more than 5 years and […]
Reserves Bank of India withdraws circulation of Rs. 2000 denomination notes
Reserves Bank of India withdraws circulation of Rs. 2000 denomination notes Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in The Central Bank of the country, Reserve Bank of India (RBI), has announced on 19th May, 2023 the withdraw Rs 2,000 currency notes from circulation under its `Clean Neat Policy’. Rs. 2000 notes were introduced in November, […]
Indian Rupee March Towards Becoming an International Currency
Indian Rupee March Towards Becoming an International Currency Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in For a currency of any country to be termed as ‘international currency’ it has to be widely accepted across the world as a medium of exchange for trade. The US dollar, Euro, Japanese Yen, and to some extent Chinese Yuan are treated […]